Rapid Answers Limited - Filleted accounts

Registered number

03204640

Rapid Answers Limited

Filleted Accounts

31 May 2025

Rapid Answers Limited
Registered number:		03204640
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,591			3,181

Current assets
Debtors	4	22,142			13,109
Cash at bank and in hand		10,360			17,613
		32,502			30,722

Creditors: amounts falling due within one year	5	(13,918)			(2,147)

Net current assets			18,584			28,575

Net assets			20,175			31,756

Capital and reserves
Called up share capital			500			500
Profit and loss account			19,675			31,256

Shareholders' funds			20,175			31,756

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M J Eaton
Director
Approved by the board on 1 October 2025

Rapid Answers Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			50% on written down value
	Fixtures, fittings, tools and equipment			50% on written down value

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 June 2024							11,784
	At 31 May 2025							11,784

	Depreciation
	At 1 June 2024							8,603
	Charge for the year							1,590
	At 31 May 2025							10,193

	Net book value
	At 31 May 2025							1,591
	At 31 May 2024							3,181


4	Debtors					2025		2024
£							£

	Trade debtors					21,502		7,186
	Other debtors					640		5,923
						22,142		13,109


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					7,143		206
	Taxation and social security costs					5,682		1,367
	Other creditors					1,093		574
						13,918		2,147


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	A J Routledge
	Loan with no set terms; interest	2,015		-		(2,015)		-
	charged at HMRC rate for benefits
		2,015		-		(2,015)		-


7	Other information

	Rapid Answers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	196 Barnett Wood Lane
	Ashtead
	Surrey
	KT21 2LW